Description
Specs: 75 Beds | 45 Baths | 30,326 sqft 8 Duplexes | 6 SFD. Portfolio spread out in approx 1 mile radius surrounding University of SC. Financial Snapshot: Gross Rents: $703,200 | NOI: $624,358 | Gross Insurance: $19,709 | Gross Taxes: $46,493 | Avg Maintenance: $12,640 | 7 properties have a 20 year tax abatement Bailey Bill | 7.65% Cap Rate. Why Invest? Stable Income: Generate $703,200 in annual gross rents. Strategic Location: Close to University of SC, ensuring a steady pool of student tenants. High Demand: Benefit from the consistent demand for student housing over 33,000 student base Value Appreciation: Potential for property value growth every year. Mix of new construction and stud rehabs from 2019-2023 Consistent rent increases year over year.
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0BEDS
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N/AACRES
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11BATHS
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01/2 BATHS
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30,326SQFT
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$264$/SQFT
School Information
Description
Specs: 75 Beds | 45 Baths | 30,326 sqft 8 Duplexes | 6 SFD. Portfolio spread out in approx 1 mile radius surrounding University of SC. Financial Snapshot: Gross Rents: $703,200 | NOI: $624,358 | Gross Insurance: $19,709 | Gross Taxes: $46,493 | Avg Maintenance: $12,640 | 7 properties have a 20 year tax abatement Bailey Bill | 7.65% Cap Rate. Why Invest? Stable Income: Generate $703,200 in annual gross rents. Strategic Location: Close to University of SC, ensuring a steady pool of student tenants. High Demand: Benefit from the consistent demand for student housing over 33,000 student base Value Appreciation: Potential for property value growth every year. Mix of new construction and stud rehabs from 2019-2023 Consistent rent increases year over year.
© 2023 Consolidated Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Wheeler Group | Coldwell Banker. Data last updated: 2023-11-28T20:40:23.363.